Question 8 True or false. When only one curve shifts, whether it be supply or demand, comparative statics will always yield a conclusive answer for what will happen to equilibrium price and quantity. O True False Question 9 True or falls. When both supply and demand shift, comparative statics will always yield a conclusive answer for what will happen to equilibrium price and quantity. O True O False

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
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Question 8
True or false.
When only one curve shifts, whether it be supply or demand, comparative statics will always yield a
conclusive answer for what will happen to equilibrium price and quantity.
O True
O False
Question 9
True or falls.
When both supply and demand shift, comparative statics will always yield a conclusive answer for
what will happen to equilibrium price and quantity.
O True
O False
Transcribed Image Text:Question 8 True or false. When only one curve shifts, whether it be supply or demand, comparative statics will always yield a conclusive answer for what will happen to equilibrium price and quantity. O True O False Question 9 True or falls. When both supply and demand shift, comparative statics will always yield a conclusive answer for what will happen to equilibrium price and quantity. O True O False
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